New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-13
TOPICS TOR THE BINKERS.
OPENING DAY OF THE CONVENTION IN
PIrTSBURG

| PAPERS RE,D by CHARLES b. ALEXANDER AND
| BERfAH wILKINs-ADDREsS BY EX-CHIEF JUS
| ICE iGNEw.
PITrsBuRG. oct IL (Speeiab.-Two hundred and fifty
| delegates TO the annual convention OF the American
BANKERS Association few accompanied by their wives
| and daughters. occupied seats in the parquet and
the stage OF the Grand Opera House to-day.
III was the opening day Of tho convention. AMI the
people shivered ana drew their wraps close
az they listened TO weghty papers purely financial
topics. The heating apparatus OF the house rcn
dered imperative througi defect The venerable
exChief Justice Agnew in his addresso welcome
called the fact that described his iron and
steel manufacturing city hell with the lid OIL and this
later in the session prompted a representative OF
sunny Alabama to rise In his seat and
quest that the I'D no removed and the
heat turned The stage whereon mythical
millonaires and kings wont to tread. occupied
by representative mlonares in truth and kings in the
financial world. The stage set for drawingroom
scene and there beautiful flowers and tropical
plants in profsion One OF the private boxes
occupied by Mrs. Charles b. Alexander and Miss Alexan
der OF New York; and Mira Henry W. Knox, Of St
Paul Mrs Alexander is daughter OF Charles Crocker,
OF California She escorted by her venerable father
inaw. Naturally the party mostly interested in the
address OF G. b. Alexander whose theme was CONNER
cial Credits and Trust Receipts"
For probably the frat time the stage eraced with
the presence Of real church dsnitary Bishop White
head, wearing long black surpcc, advanced 10 the
footiights and opened tho procee ling, with short
prayer Ex-ChIcf-Iustce Agnew followed with ad-
dress OF welcome half historical and half devoted 10 the
mineral resources OF Western Penns ,lvana aud the
wealth ~ our manufacture, interests lie also
some statistics on natural gas. The guests
are being treated to tho novelty OF crate
fires OF natural gas in their hotel and
before they their homes they will
awe inspiring sight or many wells In full operation
President Logan Murray. OF New York. must have had
this his mind when he prefscei his opening address
with the state nent that great wis lon had beenpavel
when the gasctv selected for the annual
The Hon. John jag Knox. cXCsatrolcr OF the United
STATES Treasury talked about surplus and the public
debt.
Charles -. Alexander handled his subject in a mastery
manner aud cTNad President Murray sail hdtt
worth $500 as "a legal opinion. lie said In part
More than 40 Il the imports Of rncrchlue from
,an , 90, % tir nltrL s,,' are ma,e "itn ~ a
Newl"rk hrauche' 10 protect tho hrms aivAncns tho
money and AZ ta~ time 10 leru me mporr TO freely
deal WIN the ro,ls. system la, sprung up which am
a.on, 10 tore y2n h4s SPECIAL nt.ros to those
We are constantly brought MTG connrcp Nh TIE follow
En,and or W..i.-n -tlt~ f Kpp4e1tIv It hoi. 1rqo
amouut of merchandise, In safe collection OF 9l,
Tic whole apr-ar of the house would Indicate that
'i" " yirnd ,'ad ne due 10 the vent o. iinre - mo
i,' 1H~' W." hold IS mDrr but "lon such '1r "oe"r
Philadelphia representing forgn banker appears and
S BEN r % .s gns c s t a, o y m.
but ~ many cass e legal advis-r' are pultei T. know
The banker ~ OF The letter 81 or.'t
c,,a@cs o. III. ,ran,csa ,hen lie ecr y crei IS bsas
i- sans. scr ifsrfS ~, r 'ar vii pro-
as G' ,nr n, ~. gG, 30 me-, lie +.
dawn neso,ted by ni' ut Rr.n ~ virtue a s,i
my drawn nnier ietior crcli AMI ais,
furnish -uricet u"ir payment mi
Of aiing Tor the SANE. So1 assigned an 'ran,i'nel
to mo banker subject only ., to Tho impo''e,.
empl-e Ard 're' per'on4nce q me con,r,e, or. r
~ s.m 70 iynsa oT ne ro,i, AL the eonmi., Wien
TO mpo-- ~ lsrec 10 pay 10 tho b'n@cr - he ne Of
We moa"y otsa eAPpsn, nat ne mo .ei :. no' Pre-
assent to n three -sv'. to wit
t,ysf nav give mp the gragelv without any r,'crya
asr. prior maturity n Ion
he parts via the lie ant tac ms5cini' erct.
ton -c1 d me, a s a st % & TsS' % s g.
oei. Of tie -hoILtr ash he banker
rights Of he nsuEcr continuing the ni instance ~ tho
.ecpnl ~ tn.f proccri. " es2 .cS pfStecd' sh.i 10
IT, TORN Of cas-, or ro,e. IN vcs '1 ne mro,,e aS's.
an.et ant - tnef property an Suheet T. h.I order
gVen Tor The letter Of credit Thi'is the almost universal
7ht,aihc porter having no mmeoilt. market ~ ne
$40 - e mcrc'"sr Tue DAn., ui, 'oA',Ai 10 y.e w 10
ops ca,ioa House entry shall 30 made az t-i tLs prom
tcr night, preserved good. lns suitable OD
OF tbs rut receipt, could not be gvcn an Tho
PROPERTY fevsrc 70 she p.rier Tho hankrr, wers mere
" Pledge, and not the genera owners PLEDGE h"i"iis
a's security ch4r usoneing 10 another has Only qa
nri an 'p-c.d pro. srty T. Bn tho poHon OF tr gen
trA ofhe 'oe wh'L enibiss him to use the property IA
Penn me 10 .nes,st a .omo Of the sound rule, OF law
relating genera ownership AID must receipt ee1d DO
Ia, Soe ,,,tcn, qoycraSs he importation OF rooi,
s1y "a - ass4 %pSa s %
r resee but has lrlons' w.,eh,h 10 r,tt 81 t9
nc sacred rights watch attach to n1as avn Il no